Stand up India Scheme

Stand up India Scheme 

 Stand-Up India (SUI) plot for financing SC/ST as well as Women Entrepreneurs has been dispatched by Hon'ble Prime Minister (PM) on April 05, 2016.

The target of the SUI conspire is to work with bank credits between Rs.10 lakh and Rs. 1 Crore to no less than one Scheduled Caste (SC) or Scheduled Tribe (ST) borrower and something like one lady borrower for each bank office for setting up a greenfield undertaking. This undertaking might be in assembling, administrations, agri-partnered exercises or the exchanging area. In the event of non-individual ventures essentially 51% of the shareholding and controlling stake ought to be held by either a SC/ST or lady business visionary.

Eligibilty 

1.SC/ST and/or Women business visionaries, over 18 years old

2.Credits under the plan is accessible just for Green Field Projects. Green Field implies, in this unique situation, the initial time adventure of the recipient in the assembling or benefits or agri-unified exercises or exchanging area.

3.In the event of non-individual endeavors, 51% of the shareholding and controlling stake ought to be held by one or the other SC/ST or potentially Women Entrepreneur.

4.Borrower ought not be in default to any Bank/Financial Institution.